Analyst Moves: RKT, ITRI
This morning, Deutsche Bank downgraded shares of Rock-Tenn (NYSE:RKT) from buy to hold citing valuation. The stock is approaching the firm's price target of $80 per share and this leaves less upside for investors.
Friday, May 27, 1:40 PM ET
In morning trading, shares of Rock-Tenn were lower, falling 1.5% on the news.
And Baird downgraded shares of Itron (NASDAQ:ITRI) from neutral to underperform as the recent convertible offering could impact earnings per share going forward. With the downgrade, Baird set a price target of $44 per share.
Itron shares were lower on Friday, falling 6.5% today.
For MarketNewsVideo.com, I'm Kristin Bianco.